This is a common question for people who are considering filing for SSDI. There is a belief that all Social Security disability programs require you to have no assets or that you have to give up your assets. This simply is not true for either Social Security program for disability benefits, namely Social Security Disability Insurance and SSI (Supplemental Security … [Read more...]
Are Social Security Disability Benefits Taxable?
The simple answer to this is that Social Security disability benefits are taxable. However, you "may or may not" have to pay tax on your disability benefits. Social Security issues a miscellaneous SSA 1099 for disability benefits paid each year. The two potential types of Social Security disability benefits that are taxable are: A) Monthly disability benefit payments … [Read more...]
What Is SSDI Back Pay And How It Works
SSDI back pay is basically the benefits you should have received while your application is under consideration. That includes the time that you might have been incorrectly denied. Disability benefits approval is usually a long process. It can take anywhere from several months to several years. And that is the time period you need to be paid for as well. Not just … [Read more...]
